ALSAN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ALSAN
Largest movements
- Stocks and contracts -€866,628
down €866,628 (-82.0%), from €1.1m to €189,648
- Receivables after one year +€506,014
new in 2024: €506,014
- Receivables within one year -€446,184
down €446,184 (-58.7%), from €759,484 to €313,300
of which Trade receivables: -€446,114
- Cash -€49,073
down €49,073 (-65.2%), from €75,282 to €26,209
mainly Trade debts (-€595,224) and Receivables after one year (-€506,014)
- Trade debts -€595,224
down €595,224 (-80.8%), from €736,878 to €141,654
- Profit (loss) carried forward -€301,150
down €301,150, from €0 to -€301,150
- Short-term financial debts +€140,000
up €140,000 (+20.0%), from €700,000 to €840,000
- Reserves -€106,173
down €106,173 (-100.0%), from €106,173 to €0
of which Distributable reserves: -€106,173
- Gross operating margin -€199,160
down €199,160, from €5,586 to -€193,575
- Staff costs -€63,082
down €63,082 (-38.4%), from €164,273 to €101,191
- Write-downs +€53,070
up €53,070, from -€458 to €52,613
- Financial income -€41,583
down €41,583 (-59.7%), from €69,666 to €28,083
- Financial charges -€29,233
down €29,233 (-28.3%), from €103,401 to €74,169
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,008,848 | €1,158,558 | -€850,290 | -42.3% |
| Fixed assets | 21/28 | €117,126 | €115,748 | -€1,378 | -1.2% |
| Intangible fixed assets | 21 | €1,154 | €0 | -€1,154 | -100.0% |
| Tangible fixed assets | 22/27 | €115,972 | €115,748 | -€223 | -0.2% |
| Land and buildings | 22 | €115,972 | €115,748 | -€223 | -0.2% |
| Current assets | 29/58 | €1,891,722 | €1,042,810 | -€848,913 | -44.9% |
| Amounts receivable after more than one year | 29 | - | €506,014 | +€506,014 | |
| Other amounts receivable | 291 | - | €506,014 | +€506,014 | |
| Stocks and contracts in progress | 3 | €1,056,276 | €189,648 | -€866,628 | -82.0% |
| Stocks | 30/36 | €1,056,276 | €189,648 | -€866,628 | -82.0% |
| Amounts receivable within one year | 40/41 | €759,484 | €313,300 | -€446,184 | -58.7% |
| Trade receivables | 40 | €749,484 | €303,370 | -€446,114 | -59.5% |
| Other amounts receivable | 41 | €10,000 | €9,931 | -€69 | -0.7% |
| Cash at bank and in hand | 54/58 | €75,282 | €26,209 | -€49,073 | -65.2% |
| Deferred charges and accrued income | 490/1 | €680 | €7,637 | +€6,957 | +1022.7% |
| Total equity and liabilities | 10/49 | €2,008,848 | €1,158,558 | -€850,290 | -42.3% |
| Equity | 10/15 | €259,469 | -€147,854 | -€407,323 | |
| Contributions | 10/11 | €153,296 | €153,296 | = | 0.0% |
| Reserves | 13 | €106,173 | €0 | -€106,173 | -100.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €106,173 | €0 | -€106,173 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€301,150 | -€301,150 | |
| Amounts payable | 17/49 | €1,749,379 | €1,306,412 | -€442,967 | -25.3% |
| Amounts payable after more than one year | 17 | €267,671 | €282,902 | +€15,231 | +5.7% |
| Financial debts | 170/4 | €267,671 | €282,902 | +€15,231 | +5.7% |
| Amounts payable within one year | 42/48 | €1,465,727 | €998,114 | -€467,613 | -31.9% |
| Financial debts | 43 | €700,000 | €840,000 | +€140,000 | +20.0% |
| Credit institutions | 430/8 | €700,000 | €840,000 | +€140,000 | +20.0% |
| Trade debts | 44 | €736,878 | €141,654 | -€595,224 | -80.8% |
| Suppliers | 440/4 | €736,878 | €141,654 | -€595,224 | -80.8% |
| Taxes, remuneration and social security | 45 | €28,849 | €16,460 | -€12,389 | -42.9% |
| Taxes | 450/3 | €26,679 | €7,589 | -€19,090 | -71.6% |
| Remuneration and social security | 454/9 | €2,170 | €8,871 | +€6,701 | +308.8% |
| Accrued charges and deferred income | 492/3 | €15,981 | €25,396 | +€9,414 | +58.9% |
| Remuneration, social security and pensions | 62 | €164,273 | €101,191 | -€63,082 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,185 | €1,378 | -€5,808 | -80.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€458 | €52,613 | +€53,070 | |
| Other operating charges | 640/8 | €12,361 | €12,482 | +€121 | +1.0% |
| Gross operating margin | 9900 | €5,586 | -€193,575 | -€199,160 | |
| Operating profit (loss) | 9901 | -€177,776 | -€361,237 | -€183,462 | -103.2% |
| Financial income | 75/76B | €69,666 | €28,083 | -€41,583 | -59.7% |
| Recurring financial income | 75 | €69,666 | €28,083 | -€41,583 | -59.7% |
| Financial charges | 65/66B | €103,401 | €74,169 | -€29,233 | -28.3% |
| Recurring financial charges | 65 | €103,401 | €74,169 | -€29,233 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€211,511 | -€407,323 | -€195,812 | -92.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€211,511 | -€407,323 | -€195,812 | -92.6% |
| Transfer from tax-exempt reserves | 789 | €5,000 | €0 | -€5,000 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€206,511 | -€407,323 | -€200,812 | -97.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.